Hyderabad Man Detained In Flat Fraud

Hyderabad man arrested for allegedly cheating hundreds on promise of flats

C Venkata Subrahmanyam, director of M S Bhuvanteza Infra Projects Private Limited, was arrested by Hyderabad police on Monday for allegedly cheating nearly 400 people by promising to sell them flats in his projects. He is accused of collecting a total of Rs. 2.29 crores from them.

According to the police, Subrahmanyam collected the money on the pretext of selling flats in his projects, but failed to deliver on his promises. The Economic Offences Wing Team – IV of Hyderabad Detective Department registered a case against him based on a complaint and arrested him.

This is a serious case of fraud, and it is important to be aware of the risks involved when investing in real estate. It is always advisable to do your due diligence before handing over any money, and to make sure that you are dealing with a reputable developer.

If you have any concerns about a potential real estate investment, you can contact the Economic Offences Wing of the Hyderabad Police Department for more information.

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